000			01650nas a2200265Ia 4500
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022			_a0002-8282
100			_aAgte, Patrick _9123495
245		0	_aInvesting in the Next Generation: The Long-Run Impacts of a Liquidity Shock
260			_bAmerican Economic Review
260			_c2024
300			_a2792-2824
520			_aPoor entrepreneurs must frequently choose between business investment and children's education. To examine this trade-off, we exploit experimental variation in short-run microenterprise growth among a sample of Indian households and track schooling and business out-comes over eleven years. Treated households, who experience higher initial microenterprise growth, are on average one-third more likely to send children to college. However, educational investment and schooling gains are concentrated among literate-parent households, whose enterprises eventually stagnate. In contrast, illiterate-parent households experience long-run business gains but declines in children's education. Our findings suggest that microenterprise growth has the potential to reduce relative intergenerational educational mobility.
650			_a Child Care _913939
650			_a Children _9127
650			_a Family Planning _9181
650			_a Firm Performance _9122464
650			_a Liquidity Shock _9123496
650			_aAnalysis of Education _9122120
700			_a Bernhardt, Arielle _9123497
700			_a Field, Erica _9123498
700			_a Pande, Rohini _9120618
700			_a Rigol, Natalia _9123499
856			_uhttps://www.aeaweb.org/articles?id=10.1257/aer.20220296
999			_c134523 _d134523